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Feb 4, 2013
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tax? what is it right now and what would it be after this plan? >> the state sales tax right now is 5.5%. that would not change. because, again, what we're asking is let's give up those exemptions we've granted over the years. they were done five decades ago. >> hmm. what do the statistics, or the studies that you've run show would end up happening in terms of the revenue that's brought in? >> well, there's no doubt in my mind we would grow more rapidly. that's shown in every study i've seen in states that are doing the best economically. don't have an income tax or again they have a very low rate. we have the 35th highest personal income tax rate right now. i'd like to change that. i think small businesses understand that in particular. >> we have spoken with business leaders who have told us exactly that on this set. barry stern was here last week as one of our guest hosts and he says the best states to do business with are florida and texas, two of the states that don't have income tax.
tax? what is it right now and what would it be after this plan? >> the state sales tax right now is 5.5%. that would not change. because, again, what we're asking is let's give up those exemptions we've granted over the years. they were done five decades ago. >> hmm. what do the statistics, or the studies that you've run show would end up happening in terms of the revenue that's brought in? >> well, there's no doubt in my mind we would grow more rapidly. that's shown in every...
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Feb 5, 2013
02/13
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the tax increases and the payroll tax elimination reduces, so your forces are going in different directions. >> -- austerity and even people in the bond pits will argue we need to stop government spending. you hear rick santelli talking about this all the time. can we survive the process of the austerity? >> i think it's going to be a drag on economic growth. part of the growth over the last two years was the fact that we postponed the deleveraging of the public sector and consumer spent more income than otherwise. as we do that there will be a cost of deleveraging the public sector that slows down growth and is the pickup in economic activity on average growth is going to be below trend. i'm not saying recession. 1.6, 1.7 is okay, unemployment is going to remain high. it's not going to fall to 7% which is the figure for the fed to stop qe this year. not going to fall to 6.5% for the fed to stop zero policy rate. >> i think they're going to stop qe flee when there will be an unemployment rate close to 7%. it's 7.9 right now. paradoxically when the economy picks up -- >> stop at 7% you mean
the tax increases and the payroll tax elimination reduces, so your forces are going in different directions. >> -- austerity and even people in the bond pits will argue we need to stop government spending. you hear rick santelli talking about this all the time. can we survive the process of the austerity? >> i think it's going to be a drag on economic growth. part of the growth over the last two years was the fact that we postponed the deleveraging of the public sector and consumer...
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Feb 6, 2013
02/13
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so we ended the year before the big tax, social security tax hike, with the labor markets at n pretty good shape. >> dick kohy, ladies and gentlemen. applause. >> economist are able to talk even without introductions. this is a very common behavior an commerce -- >> and behavior, too. >> panera's, what, middle line, not an expensive place, not the cheapest place out there. >> right. not a dollar menu but not a sit down either. >> i'm always flabbergasted by what to think of mcdonald's. >> it means -- it's on its own. i wouldn't say -- mcdonald's, walmart, they mean something. >> mcdonald's is always the funny call. if mcdonald's does well, does that mean that people are trading down? i believe they're trading down. >> or doing well -- >> except they went up with the higher margins with some of their mccafe and stuff. chipotle did well. you saw that. >> right. >> that was less a function of the economy and more a function of the fact that they expanded their stores dramatically. >> there should be as much mexican food in the united states as possible. i just love it. >> i love chipotle
so we ended the year before the big tax, social security tax hike, with the labor markets at n pretty good shape. >> dick kohy, ladies and gentlemen. applause. >> economist are able to talk even without introductions. this is a very common behavior an commerce -- >> and behavior, too. >> panera's, what, middle line, not an expensive place, not the cheapest place out there. >> right. not a dollar menu but not a sit down either. >> i'm always flabbergasted by...
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Feb 1, 2013
02/13
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tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats have to recognize the best way to do it isn't raising marginal rates and underwriting an inefficient system. >> as someone who spent last week at davos and he said that he talked to a large number of european ceos who are eager about investing in the united states because of our projected suspensionly lower energy policy because of shell of course we're going to get out of our way and saying let them do it. but that's encouraging that they can think about moving plants here now. >> absolutely. i was at davos, too, and the most
tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats...
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Feb 8, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "squawk box." we're going to get trade data in just a minute. first the weather channel's mike seidel joins us with an update of what's going on. good to see you finally, mike. >> hey, good morning, andrew. out here at revere beach, just north of logan, the north shore of boston, where the snow is going to be here in here in a matter of few minutes. we're looking at a blizzard warning for parts of seven states. the entire state of connecticut, and coastal areas of massachusetts, a coastal flood warning. high tide in about an hour comes up to about here. we're concerned about the high tide tonight and 10:00 a.m. tomorrow morning. that's going to take the atlantic up
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "squawk box." we're going to get trade data in just a minute. first the weather channel's mike seidel joins us with an update...